Category Archives:
BP boosts buybacks as profit soars to highest in over decade
By Ron Bousso and Shadia Nasralla LONDON (Reuters) - BP boosted its share buyback programme after net profit soared to its highest in more than a decade on strong oil and gas trading results, as the e...
May 03, 2022
No let off to oil prices as Russia barrels disappear from market – BP CEO
LONDON (Reuters) - BP does not expect any let off in oil prices in the near term as the volume of Russian oil impacted by Western sanctions was expectd to double, Chief Executive Officer Bernard Loone...
May 03, 2022
Marketmind: Humble pie on central bankers’ menu
A look at the day ahead in markets from Sujata Rao. First Sweden, now Australia. Two central banks that had said they saw no need for rate hikes until 2023 or 2024 have eaten humble pie in the space o...
May 03, 2022
Exclusive – Nigeria buys emergency Canadian potash to replace lost Russian supply
By Julia Payne LAGOS (Reuters) - Nigeria had to buy emergency supplies of Canadian potash in April after the country was unable to import the key fertilizer from Russia due to the impact of Western sa...
May 03, 2022
Total’s German Leuna refinery to continue Russian crude imports in May – sources
(Reuters) - TotalEnergies' 240,000 barrels per day Leuna refinery in Germany is set to continue to import Russian crude oil via the Druzhba pipeline at least throughout May, according to two sources w...
May 03, 2022
BP expects to pay up to 1 billion pounds in UK taxes in 2022
LONDON (Reuters) - BP expects to pay up to 1 billion pounds ($1.25 billion)in taxes in Britain on its 2022 profits, it said on Tuesday reporting its highest profit in over a decade. It plans to invest...
May 03, 2022
Portugal’s Galp quarterly profit rises six-fold on soaring crude prices
LISBON (Reuters) - Portuguese oil and gas company Galp Energia on Tuesday reported a six-fold rise in adjusted first-quarter profit, boosted by soaring global crude prices and higher production. Galp ...
May 03, 2022
Startups apply artificial intelligence to supply chain disruptions
By Nick Carey LONDON (Reuters) - Over the last two years a series of unexpected events has scrambled global supply chains. Coronavirus, war in Ukraine, Brexit and a container ship wedged in the Suez C...
May 03, 2022
BMW, Mercedes-Benz to sell car-sharing joint venture to Stellantis
FRANKFURT (Reuters) - BMW and Mercedes-Benz are selling their car-sharing joint venture Share Now to Stellantis for an undisclosed sum, they said on Tuesday, instead focusing on the more promising sof...
May 03, 2022
California governor proposes amendment to protect abortion rights – tweet
(Reuters) - California governor Gavin Newsom said on Monday that the state will propose an amendment to 'enshrine the right to choose' in the state's constitution, after Politico reported a leaked dra...
May 03, 2022
Peoria, IL, USA
78 °F Partly cloudy
